HEX/ETH chart finally breaking out (post Pulsechain sacrifice)?This could be the massive breakout for Hex now after pulsechain sacrifice phase over
Pulsechain
HEXTemporarily bearish post sacrifice phase.
As snapshot gets closer, momentum will build again after a bottom is reached.
Then finally top of wave (5) I think will occur in the week prior to actual fork as people accumulate HEX to prepare for the moment of the fork to get a copy (pHEx) post fork.
HEX DistributionThis idea will be labeled as bearish but it should it be noted upfront that I am bullish.. just not at this immediate moment. But I am closely watchful due to the fact that HEX has bullishly engulfed and formed what might be a tweezer bottom candlestick formation on the 4 hour time frame, which are technically seen as reversal patterns.
HEX seems to print these formations a lot as it did similarly just over a week ago before running up 60% to all time highs. And now we find the asset in the process of doing it again should this bullish engulfing 4 hour candle close confirm.
It is this reason that although the price action is getting rejected currently by my .236 fib level, as well as below a bearish downward sloping trendline that has been serving as resistance since the top, I am watching closely. Also, the first important critical area of resistance sits just inches over the current price's head and could therefor be smashed through any moment. Likewise, a rejection can occur and send the price bearishly wicking right back to the downside.
Unfortunately, these things are also why I must mark this idea as bearish and warn against any immediate longs until at MINIMUM the price breaks back above the red .236 fibonacci level I have labeled and ultimately break the bearish, red downward sloping distribution line that has kept the price under water since its peak a few weeks ago.
HEX holding 5 cents after exceeding all targetsHEX smashed through the targets set in the last posting and is currently holding at the 5 cent level following a retracement. A pullback to the 0.618 Fib level would provide a possible entry at 3.5 cents. If Pulsechain gains adoption it is likely to increase awareness of the HEX token this is likely to have a positive impact upon the price of the HEX token in the long term.
Hex makes considerable gains; 40% more likely soon?The HEX token's USD value has increased around 80% this week. This may be due to hodlers buying more tokens in anticipation of the Pulsechain Ethereum fork with which the project is associated. Despite potential resistance at 4.1 cents, having Pulsechain's launch yet another 5 days away and considering the magnitude of its airdrop, it seems plausible that the token could yet rise a further 40%, which would take it to 5 cents: a new ATH and obvious key psychological level.
HEX HITS A NEW ATH TODAY... OFTEN DOES WELL WHEN #BITCOIN DUMPSYAY FOR US #HEXICANS
"2 cents April
5 cents by memorial day"
APY ~ 37%
on contracts that are staked for 5 years
60/70% APY achievable due to compounding on longer contracts
